(Read more on the multifamily market.)
[IMGCAP(1)]NEW YORK CITY-A corner walk-up apartment building andthree-elevatored apartment buildings located one block north ofCentral Park at 201, 203-205, 217 and 233 W. 111th St. was sold inan all-cash transaction valued at $11.1 million. A source close tothe deal tells GlobeSt.com that the private investor was JohnSismanoglou from Queens, who was attracted to the portfolio due toits size and proximity to Central Park.
[IMGCAP(2)]The source explains that the seller of the portfoliowas locally based Centerline, however they were unable to determinereasons for selling at this time. The West 111th Park Northportfolio is located on the north side of West 111th Street betweenAdam Clayton Powell and Frederick Douglass boulevards. Two of thefour buildings are adjacent, and all four span approximately 78,331sf including 87 apartments and two super's units.
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